In a story which demonstrates the bizarre nature of current Pubco operations, an Enterprise lessee has bought, at auction, the freehold of the pub he rents - and now receives income on - from Enterprise.
Morning Advertiser, 17th February 2011.
Even factoring in the barrellage kick-back the Pubco receives, it must appear to any sane person that so-called "sale-and-leaseback" is another junk-bond debacle waiting to happen when the sub-tenant pays substantially less than he receives from his tenant.
